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~ iii iiiiiiiiiiiiiiii <br />@7~ON COMPANY U.S.A. <br />POST OFFICE BO% 2180 • HOUSTON, TEXAS 7 72 5 2-2 1 80 <br />REFINING OEPAflTMENT <br />SYNTHETIC FUELS <br />October 29, 1997 <br />Section 112 Annual Report and Fee <br />Permit No. M-80-047 <br />Division of Minerals and Geology <br />Colorado Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Dear Sirs: <br />Enclosed are the Section 112 annual fee payment and report for the Colony Shale Oil <br />Project. <br />Rule 1.15(1)(a) requires an updated statement regarding the sufficiency of the value <br />of the Financial Warranty. We believe the Financial Warranty for the subject permit is <br />sufficient. <br />If you have any questions regarding this submission, please do not hesitate to call me <br />at (713)656-1240. <br />Sincerely, <br />~~''` <br />Brent D. Patterson <br />Enclosures <br />c: J. F. Moore <br />A DIVISION OF EXXON CORPORATION <br />